Newcomer investors flood Nigeria venture capital market
Olubunmi Abayomi-Olukunle and Adekunle Adewale, partners at Nigeria-based venture capital and private equity advisory law firm, Balogun Harold, have observed a steady increase in the number of Africa-focused venture capital funds, corporate VC, accelerators, private equity firms implementing growth strategies and other early-stage investors who set up shop in Nigeria in 2017. Both (Abayomi-Olukunle and Adewale) are of the opinion that growing investor confidence and a positive economic outlook make a compelling case for a robust year ahead for Venture Capital-led Mergers and Acquisitions in Africa’s largest economy. Their insightful views and projections for 2018 are outlined below by BusinessDay’s Private equity and Fundraising editor, Lolade Akinmurele. It Can Only Get Better And It Will. The early-stage/venture capital market in Nigeria is still largely, a buyer’s market and we suspect that this trend will persist through 2018. However, there are two important factors